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AZB leads Legal Advisor League Table to Private Equity Transactions in H1 2016

Cyril Amarchand Mangaldas, Shardul Amarchand Mangaldas claim No.2 & No.3 slots


AZB & Partners has retained its status as the top Legal Advisor for Private Equity transactions during the first six months of calendar 2016. According to the Venture Intelligence League Tables, AZB advised PE deals worth $3,158 million (across 23 qualifying deals), followed by Cyril Amarchand Mangaldas ($2,393 million across 17 deals); Shardul Amarchand Mangaldas ($2,118 million across 19 deals)

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.

AZB & Partners advised deals during H1 2016 included the $200 million investment by Ontario Teachers Pension Plan and others in e-commerce firm Snapdeal.com and the $145 million investment by Warburg Pincus, Temasek and March Capital in automobile classified company CarTrade.com. Transactions advised by Cyril Amarchand Mangaldas included the $321 million investment in Bangalore International Airport by Fairbridge Capital and the $171 million investment in payments firm BillDesk by General Atlantic and Temasek. Shardul Amarchand Mangaldas advised deals included the $1,100 million buyout of IT Services & BPO firm MphasiS by Blackstone and the $20 million investment in B2B e-marketplace firm IndiaMART.com by Accion International, Amadeus Capital Partners, Westbridge and Intel Capital.

Among Social Venture investments, Samvad Partners topped the charts with four deals (including the $5 million investment by Aavishkaar in curated social commerce platform Jaypore and $2.5 million investment by Insitor Fund and Acumen Fund in vocational training provider Edubridge Learning). Overall, Samvad Partners advised 17 Private Equity deals worth $722 million during the period. 

Among Early stage investments, Novojuris topped the charts with 14 deals (including the $3.1 million investment by Edelweiss Private Equity in business analytics firm BRIDGEi2i and the $0.3 million investments by Rebright Partners in fashion startup Elanic).

AZB & Partners also topped the table in terms of deal volume. AZB was followed by Shardul Amarchand Mangaldas, while BMR Legal ($210 million across 18 deals) and Khaitan & Co.  shared the third spot in terms of quantum of deals advised.

Other legal advisors who had advised significant PE deals during the year included Platinum Partners ($1,100 million across 2 deals), Khaitan & Co ($601 million across 18 deals), Shearman & Sterling ($550 million across two deals), Trilegal ($542 million across 15 deals) and Veritas Legal ($373 million across six deals).

The period also saw new entrants like TRA, Talwar Thakore & Associates and Yuti Law enter the Venture Intelligence Legal Advisors for Private Equity league table.

The full league tables can be viewed online at http://www.ventureintelligence.com/leagues.php

Venture Intelligence is India's longest serving provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India.

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